#Knitting & Hosiery

2025-12-03

Mayer & Cie. to shut down after failed search for investor – 270 jobs affected

Mayer&Cie. at ITMA 2023 © 2025 TexData International

Mayer & Cie., the long-established German manufacturer of circular knitting and braiding machines, will cease operations after its international search for an investor ended without success. The company, based in Albstadt-Tailfingen, had been undergoing insolvency proceedings in self-administration since its filing on 23 September 2025. As Schwarzwälder Bote reports, the insolvency court has now formally opened the proceedings, triggering the decision to wind down the business in an orderly process.

According to the report, “despite an intensive and international search, no investor could be found, making a structured shutdown of operations unavoidable.” Mayer & Cie. had launched a structured sales process as early as April 2024, later intensifying efforts with additional advisory support in mid-2025. None of the approaches to strategic or financial investors led to a takeover offer.

270 employees to lose their jobs

The shutdown will affect around 270 employees. Most of the workforce will be released from their duties by early February 2026 while the company works through its remaining order backlog. A small team will remain in place afterward to manage the liquidation of assets, including machinery, real estate, and inventories.

Speaking to Schwarzwälder Bote, restructuring expert Martin Mucha of Grub Brugger, who joined the company as general representative, said: “The market for textile machinery has become extremely challenging worldwide. Mayer & Cie. experienced a nearly 50 percent drop in revenue over the past year while costs continued to rise. Despite the most intensive global search, we were unable to find an investor willing to commit to this traditional company. Unfortunately, shutting down operations is now the unavoidable consequence.”

Global pressures and market disruption

Founded more than 120 years ago, Mayer & Cie. has been a key supplier of circular knitting and braiding machines, exporting almost its entire production worldwide. But the company has been heavily impacted by geopolitical and economic turbulence. As previously reported, trade tensions between the U.S. and China, the war in Ukraine, and inflationary pressure in key textile markets such as Türkiye have led to widespread investment restraint in the textile sector.

In addition, state-subsidized manufacturers from China have intensified competitive pressure by offering machinery at significantly lower prices on the global market.

With no viable option for restructuring and no investor willing to take over the business, the company’s management and insolvency advisors concluded that there is no path to continuation.

Mayer & Cie. Global is getting ready for ITM 2026

ITM 2026 marks the beginning of a new chapter for Mayer & Cie. Global. For the first time, the company will present itself to the international textile machinery industry in its new setup: combining proven circular knitting technology engineered in Germany with a clear commitment to its Albstadt headquarters and an internationally shaped, agile management approach.

Closing completed – Mayer & Cie. Global starts business operations

The future of the Mayer & Cie. brand has been secured: Following the successful completion of the purchase agreement for assets in the circular knitting machinery segment of the German traditional company Mayer & Cie., which was signed in February this year, the brand will continue to exist. The transfer of these assets to the new owner, Xu Hongjie, was formally completed yesterday afternoon. This clears the way for the resumption of business operations at the Albstadt site.

Huixing acquires insolvent Mayer & Cie.

Insolvency proceedings for the circular knitting and braiding machine manufacturer Mayer & Cie. were opened on December 1, 2025. Immediately following the opening of proceedings, the complete cessation of business operations was initiated. Most employees were subsequently given notice effective the end of February 2026. The production of the remaining orders in the circular knitting segment is expected to be completed by the end of the month. As early as December 2025, Mayer & Cie.’s braiding machine division was sold to an Italian investor.

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